Dealings by Directors

Guinness Peat Group PLC
27 March 2001


                    
                    GUINNESS PEAT GROUP PLC
            ('GPG' or 'the Company' or 'the Group')
                               
                     DEALINGS BY DIRECTORS



1.   Name of Company
     GUINNESS PEAT GROUP PLC

2.   Name of Director
     A I GIBBS

3.   Please state whether notification indicates that it is in
     respect of holding of the Director named in 2 above or holding
     of that person's spouse or children under the age of 18 or in
     respect of a non-beneficial interest.
     DIRECTOR

4.   Name of the registered holders(s) and, if more than one
     holder, the number of shares held by each of them (if notified)
     A I GIBBS

5.   Please state whether notification relates to a person(s)
     connected with the Director named in 2 above and identify the
     connected person(s)
     DIRECTOR

6.   Please state the nature of the transaction and the nature
     and extent of the Director's interest in the transaction.
     ON NZ MARKET PURCHASE

7.   Number of shares / amount of stock acquired
     30,000

8.   Percentage of issued class
     NOT MATERIAL

9.   Number of shares / amount of stock disposed
     NIL

10.  Percentage of issued class

11.  Class of security
     ORDINARY SHARES OF 10 PENCE EACH

12.  Price per share
     NZ$ 1.49

13.  Date of transaction
     27-Mar-01

14.  Date company informed
     27-Mar-01

15.  Total holding following this transaction
     30,000

16.  Total percentage of issued class following this transaction
     NOT MATERIAL

IF A DIRECTOR HAS BEEN GRANTED OPTONS BY THE COMPANY PLEASE
COMPLETE THE FOLLOWING BOXES.
NO OPTIONS WERE INVOLVED IN THIS TRANSACTION

17.  Date of Grant

18.  Period during which or date on which exercisable

19.   Total amount paid (if any) for grant of the option

20.  Description of shares or debentures involved

21.  Exercise price

22.  Total number of shares over which options are held
     following this notification


23.  Any additional information

24.  Name of contact number for queries
     J R Russell, Company Secretary 020 7236 0336

25.  Name and signature of company official responsible for
     making this notification
     J R Russell, Company Secretary 020 7236 0336


Date of this notification
27-Mar-01